United States · Bill · HR
H.R. 1476 (101st)
To amend the Internal Revenue Code of 1986 to clarify the application of the credit for producing fuel from a nonconventional source with respect to gas produced from a tight formation and to make such credit permanent with respect to such gas and gas produced from Devonian Shale.
Introduced
16 March 1989
Last action
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Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to make natural gas found in tight sands formations eligible for the income tax credit for producing fuel from a nonconventional source. Makes this credit permanent with respect to gas found in such formations and to gas produced from Devonian shale. Applies the nonconventional fuels tax credit to alternative minimum tax calculations.
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 16 March 1989
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/1476
- Open data entity: https://api.congress.gov/v3/bill/101/hr/1476